Future information releases.
1) We want to see grades say 0.05% for the resource of
Molybdenum.
2) Preferably we want to see that the mineral will be
mined as a bi-product of Copper and Silver. These are
the best resources as the mines silver and copper pay
the bills while the Moly is cream.
3) We want to see an extensive data base (from all
accounts there is as Rio spent $20M working the property
over many years.
4) We want to see a decent size resource.i.e. preferably
in the order of a 100M tonnes not 10M.
There is big bucks to be made in this metal although significant capital is reuired to mine and process to concentrate level. In due course (when you need debt funding) an offtake agreement will be needed with a Roaster (refinery) and most of those are in China.
Lets hope that Rio sold it because it didn't have the size to justify its continued investment (what's too small for Rio may be way big enough for RCH)and not because of grade.
What gets my interest is the $20M Rio has spent to date. That implies a hell of a lot of drilling, assays and scoping to me.
This may well be a surprise packet.
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